Caisse Des Depots ET Consignations Buys New Shares in Uber Technologies, Inc. (NYSE:UBER)

Caisse Des Depots ET Consignations bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,327 shares of the ride-sharing company's stock, valued at approximately $4,664,000.

Other institutional investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its position in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock valued at $24,180,000 after acquiring an additional 13,433 shares during the period. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after purchasing an additional 1,663 shares during the period. Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,041,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Uber Technologies during the fourth quarter worth $3,188,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $90.31.

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Uber Technologies Stock Performance

UBER traded down $2.15 during trading hours on Friday, hitting $72.71. The stock had a trading volume of 11,255,568 shares, compared to its average volume of 20,097,389. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company's fifty day simple moving average is $73.44 and its 200 day simple moving average is $71.75. The stock has a market cap of $152.09 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.